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KC Industrial Market Sees Near-Record Positive Net Absorption in 2020

by Mary Rooney | Feb 02, 2021

The Kansas City region industrial market posted total net absorption of 7.3 million sq. ft. for 2020,  second only to the 2017 total of 7.7 million sq. ft.

At the end of Q4 2020, 7.3 million sq. ft. remained under construction. An additional 3.8 million sq. ft. is expected to break ground in 2021. In total, more than 10 million sq. ft. is set to be completed in 2021, a record total for the market and evidence of the surge in demand for warehouse/distribution space.


More from the CBRE Kansas City Industrial MarketView Q4 2020 report.

 

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